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Debate House Prices
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First time buyers priced out...
Comments
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No-one had their fingers burnt, the loans are being repaid.
...by the tax payer, along with a nice big juicy bailout because no one cared about risk, and too much money was borrowed, inflating prices. Which means cuts in public services, loss of jobs and so on. So plenty will have had their fingers burnt, but certainly not the banks.
You are blind if you cannot see this moral hazard.0 -
the.ciscokid wrote: »...by the tax payer, along with a nice big juicy bailout. Which means cuts in public services, loss of jobs and so on. So plenty will have had their fingers burnt, but certainly not the banks.
You are blind if you cannot see this moral hazard.
Plus pensions, plus shareholders.0 -
I am about the least religious person in the UK. But tonight I will pray.
Oh Lord. Please save me from idiots.0 -
Loughton_Monkey wrote: »I am about the least religious person in the UK. But tonight I will pray.
Oh Lord. Please save me from idiots.
Careful, you may be erased from existence...
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HAMISH_MCTAVISH wrote: »What was the question?the.ciscokid wrote: »The one you just quoted.
Edit: link
Care to respond Hamish?0 -
the.ciscokid wrote: »Care to respond Hamish?
http://forums.moneysavingexpert.com/showpost.php?p=42543734&postcount=148“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
it happens each and every time. whenever house prices fall, less people buy and/or are able to buy property.0
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